jason thompson
FAYETTEVILLE, NC (USA)
Role(s):
JAMJZ
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Startup
Location:
FAYETTEVILLE
Industry:
Internet
Year Founded:
2007
Number Employees:
INVALID
Description:
JAMJZ is a digital content distribution network that was developed to Seize-Illegal distribution-Consumer markets (S.I.C), which has plagued the recording industry by costing a estimated US$4.5 billion dollars annually in loss revenues . It is estimated that 37% of all CDs purchased legally in 2005 were pirate – 1.2 billion pirate CDs in total. Pirate CD sales outnumbered legitimate sales in 2005 in a total of 30 market. S.I.C unique ability will reduce the industry financial loss to piracy by 15-20%. JAMJZ has developed the immediate, effective, and cost-efficient cure to the piracy pandemic through the use of the S.I.C. system. The record labels have become digitally literate companies, selling an estimated US$2 billion worth of music online or through mobile phones in 2006 (trade